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ISRO sees rise in third party satellite launches

ISRO earned Rs 1,245.17 crore during the last five years

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MUMBAI: The Indian Space Research Organisation (ISRO) is slowly but surely making its mark as far as its satellite launch services are concerned. Consider: in 2018-19 it pocketed Rs 324.19 crore courtesy its launch capabilities as against Rs 232.56 crore in the year before. That’s a decent 35 per cent plus growth in income from launches.

This information was given out in a reply to a question raised in the Rajya Sabha to union minister for atomic energy and space Jitendra Singh late last week.

Singh further disclosed that ISRO earned Rs 1,245.17 crore during the last five years by launching satellites from 26 countries. Additionally, it has signed contracts with 10 countries -  the US, the UK, Germany, Canada, Singapore, Netherlands, Japan, Malaysia, Algeria, and France  over the same period under commercial arrangements.

India has till date put into orbit 319 foreign satellites.

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